International Women’s Day 2022

Every year I say, It shouldn’t take ‘International Women’s Day’ for gender diversity to come to the table but what better day to engage with what it means to all of us, why it’s important and how we can play our part.  We know that ‘an equal world is an enabled world’ and as people professionals have the chance to forge a gender equal world.  We should all commit to take action for equality and in turn this enables us to continually raise awareness against bias.

The history of International Women’s day is often misquoted and many articles state that it began from a gathering in 1911.  It actually started before this.  Back in 1908 inequality and oppression was leading to individuals campaigning for change.  The first demonstration brought together more than 15,000 individuals who marched the streets of New York City protesting for shorter working days, increased remuneration and the ability to vote.  However, the first formally recognised day followed this.

In 1911 International Women’s Day was first prevalent in Europe as over one million people attended rallies pushing for the end to discrimination.  They were seen across Denmark, Germany, Switzerland and Austria as people took to the streets on mass.

The one hundred year centenary celebrations in 2011 saw these four nations repeat the events of the first formal International Women’s Day.  In turn, huge steps forward were seen with “Women’s History Month” launched by Barack Obama pushing for the people of America to mark the day.  American’s were encouraged to acknowledging all of “the extraordinary accomplishments of women” in transforming the great nation into what it is today and being responsible for shaping it’s history.   In London Annie Lennox led a march from London Bridge to the Royal Festival Hall crossing the Millennium Bridge and the Hungerford Bridge in the process.

The modern day has seen progress made, more women are in the boardroom and there has been a sea change in terms of thinking and culture.  Legislation has been altered to bring closer equality to male and female rights.  Sadly however, while progress has been made there is still a long way to go.    1970 saw the Equal Pay Act made into law, but fifty years later we have still not found equality.  The Equality Act in 2010 enforced the message that is unlawful to pay people unequally because of gender but still a large gap exists.

We have seen further thinking and attempts to improve this process.  From a recruitment angle, I can tell you that in New York City, you are not allowed to ask candidates their current salary.  However, throughout the rest of the world we still see current salary as the benchmark for future salary.  Most firms simply offering a 10-15% uptick on current package.  This will always mean those trailing behind, continue to do so as percentage uplifts will never close the gap.  Should this policy become a part of legislation globally?  Would it help to close the gap?

In 2018 for the first time companies with over 250 employees had to publish their gender pay gap data.  4 years later and we’ve not seen anywhere near the improvements we’d have hoped for as we patiently wait for this year’s declarations.  Some industries showed over 25% as the gap and financial services where Black Swan Group does their work was not much better.  In 2018 the gender pay gap for Financial Services including the Insurance industry were viewed to be 22%. Sadly, not much has improved since then.

What can we do to promote parity?  From a recruitment angle all we are trying to follow the IWD’s campaigns.  In 2022 it’s #BreakTheBias. How can you #choosetochallenge and help us #breakthebias

Written by:

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Ben Hudson
CEO

I have recruited into the Corporate Governance space directly since 2005 and have focussed mainly on compliance and risk.  While still active at the senior end of the market, running regional and global head of roles, I am now more focussed on the strategy and day-to-day running operations of the firm.

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